Updated: March 4, 2021 3:29:55 pm
The Central Board of Trustees of retirement fund body Employees’ Provident Fund Organisation (EPFO) on Thursday kept the interest rate for the financial year 2020-21 unchanged at 8.5 per cent.
The retirement fund body has more than five crore active subscribers.
Speculations were rife that retirement fund body might consider a lower interest rate on provident fund deposits for this financial year 2020-21 from 8.5 per cent in 2019-20, due to the impact of COVID-19 in the Indian economy throughout 2020.
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